The company has a global market penetration of 1% in the EV segment. With the new platform it is targeting a market presence of 24% by 2025. In a strategic development for Hyundai Motor Co, an executive from the South… Read More ›
Month: March 2017
Trump Administration pushes $5 billion sale of fighter aircrafts to Bahrain
The Trump Administration is pursuing the sale despite Bahrain’s human rights records. The Trump Administration has notified the U.S. Congress that it plans on pursuing the $5 billion sale of 19 Lockheed Martin F-16 fighter aircrafts to Bahrain along with… Read More ›
As Combustion Era Fades, Mercedes Hastens Electric-Car Shift
As European buyers turn away from fuel-efficient diesel cars, and in a race to meet tighter emissions rules, Mercedes-Benz is accelerating its rollout of battery-powered autos. Three years earlier than a target announced at the Paris auto show in September, the world’s… Read More ›
Warnings Of Brexit Impact Issued By European And Japanese Business Groups
Signalling their growing concern as the UK prepares to start the formal process of leaving the EU, overseas companies that invest in the UK issued a flurry of warnings on Tuesday about the threat Brexit poses to their businesses. A post-Brexit settlement… Read More ›
This deal is pregnant with potential for General Motors
One unit of General Motors has reached a deal with Terminal Puerto Rosario, a port operator, to import cars from Argentina. Its long term strategy is to capitalize on the accord to export cars from its nearby facilities.
Pentagon likely to award Lockheed Martin helicopter manufacturing contract worth $27 billion
The production of the CH-53K King Stallion helicopters will be carried out by Sikorsky, the company it acquired from United Technologies Corp. This is a major milestone for the company. An official from the U.S. Department of Defence has stated,… Read More ›
Britain to hand over Brexit letter today to EU’s council President Donald Tusk
Britain is set to trigger Brexit proceedings later today. Britain has formally begun the process of negotiating Britain’s exit from the European Union with British Prime Minister Theresa May handing over a signed letter to European Council President Donald Tusk… Read More ›
U.S. Think Tan Claims Warplanes On Artificial Islands Can Be Deployed By China Any Time
A U.S. think tank said on Monday that China can possibly deploy combat planes and other military hardware at any time as it appears to have largely completed major construction of military infrastructure on artificial islands it has built in… Read More ›
European Equities Will Gain By A Le Pen Loss: JP Morgan
Investment bank JPMorgan said in a note on Monday that a “significant” surge of inflows into European stocks would be spurred if far right French presidential candidate Marine Le Pen loses the election. But how significant is that spur? At… Read More ›
Didi Chuxing ploughs in $6 billion into its ride-hailing business
Although Didi has got big names backing it, in China, Didi it is increasingly facing regulatory issues. Bloomberg has reported citing people familiar with the matter at hand, Didi Chuxing, a Chinese ride-hailing firm, is weighing its options to invest $6… Read More ›
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